1) What is a block?
block : A grouping of all transactions sent over the DigiByte network within a 30 second time frame. Think of a block as an excel spreadsheet that lists the address location of all DigiBytes at a given point in time in history. New DigiBytes are brought into circulation as each block is discovered on the network through a process called mining.2) What is a blockchain?
A blockchain : The DigiByte blockchain is the entire history of all blocks discovered on the network & therefore all transactions made on the network. Each block references the proceeding block all the way back to the beginning of the network to what is known as the genesis block. By linking blocks (spreadsheets) together an accurate, secure accounting of all up to date DigiByte ownership is made by decentralized consensus.3) When was DigiByte launched?
January 10th, 2014, 12 PM MST3.1) What is a genesis block?
genesis block is the first block of a blockchain.3.5) What was the news headline hashed into the DigiByte genesis block?
EUSA: today: 10/jan/2014, Target: Data stolen from up to 110m customers.4) How fast are DigiByte block times?
15 seconds DigiByte blocks.5) How many mining algorithms does DigiByte have?
5 mining algorithms6) Name all the DigiByte mining algorithms:
Scrypt, Sha256, Qubit, Skein, Groestl.7) How many DigiBytes will be generated total?
21 Billion DigiByte.Cool How long will DigiBytes be generated for?
Over 21 years.9) How many DigiByte transactions can DGB currently handle?
DigiByte currently can handle 280+ transactions per second.10) How many transactions can DGB handle by 2021?
2240+ transactions per second.11) How many transactions can DGB handle by 2035?
286720+ transactions per second.12) How many hard forks has DigiByte intentionally experienced?
4 hard forks.13) Name all of the DigiByte hard fork release titles:
DigiShield Hardfork, MultiAlgo Hardfork, MultiShield Hardfork, DigiSpeed Hardfork.14) What is the DigiByte monthly reductions rate for how many DigiBytes are generated each month?
DigiByte production decreases 1% every month.15) How can documents be embedded in the DigiByte blockchain?
By using Digusign.com16) What is the command to reindex a DigiByte wallet on windows?
The command should be /yourpath/digibyte-qt.exe -reindex.17) What is a DigiByte node?
A computer which is a part of the dgb network which validates and relays transactions to others.18) What is the command to reindex a DigiByte wallet on Mac OSX?
/Applications/Digibyte-Qt-"version".app/Contents/MacOS/Digibyte-Qt -reindex.18.5) What is digibyted?
OSS deamon for DigiByte.19) What is an RPC command?
Remote Procedure Call (RPC) is a method that allows us to access a procedure located on another computer.20) What is digibyte.conf?
digibyte.conf is a configuration file with variosus data used for DGB wallet.21) What is wallet.dat?
wallet.dat is a file that contains a collection of private keys.22) Where is wallet.dat stored on windows?
%APPDATA%\Digibyte23) Where is wallet.dat stored on a mac?
~/Library/Application Support/Digibyte24) What is the most useful RPC command?
-rpcpassword.25) What is a difficulty adjustment?
Difficulty is a measure of how difficult it is to find a hash below a given target. The adjustment of it is to either make it easier or harder based on the hashing power.Network adjusts the difficulty automatically to ensure that a block is solved DGB around every 15 seconds.26) What is OP_RETURN?
OP_RETURN is a script opcode used to mark a transaction output as invalid.27) What is the difference between a full node an an SPV wallet?
Full nodes download every block and transaction and check them against COINS core consensus rules, SPV wallet (Simplfied Payment Verification)
is a method for verifying particular transactions were included in a block without downloading the entire block. The method is used by some lightweight Bitcoin clients.28) What is a deterministic wallet?
A deterministic wallet is a system of deriving keys from a single starting point known as a seed. The seed allows a user to easily back up and restore a wallet without needing any other information and can in some cases allow the creation of public addresses without the knowledge of the private key. 29) Explain the difference between a public and private blockchain
A private blockchain merely acts as a permissioned network that enables entities to secure information. A private blockchain is not actually a true blockchain since the access to it is restricted to pre-selected parties. Public blockchain is what it name says; public. Anyone can join on the network without having to apply for permission etc. Anyone can see what happens on the blockchain, which is not something you can do on a private blockchain.30) Explain the difference between a permissioned and permissionless blockchain
PERMISSIONLESS
In order to contribute to the processing of transactions and have your ‘vote’ counted, you do not need a previous relationship with the ledger,
and your vote does not depend on having a prior identity of any kind within the ledger.
PERMISSIONED
Transactions are validated and processed by those who are already recognized by the ledger.
Your vote counts proportionally against everyone else’s, based on the specific rules of the ledger.31) Name three exchanges where people can buy DigiBytes:
1. https://poloniex.com/exchange#btc_dgb ;
2. https://bittrex.com/Market/?MarketName=BTC-DGB ;
3. https://www.litebit.eu/home/dgb/en/ 32) Name three places people can spend DigiBytes:
1. https://www.digibytemarket.com ;
2. http://glivet.com ;
3. https://digibytetip.com33) What is the current block reward?
currently reward is 1,042.79328824 DigiByte per block.this is my address digibyte DR5fsmX3U5YxswHPhQfzLhTRBf3fqRJEiT , hope for win.
maybe if I do not win, it could send a little digibyte for answer this questions.
Thanks.